Buy to let mortgage calculator
Working out mortgage repayments when buying a UK property to let
You can see the mortgage amount in this calculator, you could borrow based on your monthly rental income.
The BTL calculator assumes a minimum rental cover of 125% at the higher of the product pay rate or a 5.00% stress rate.
Please note that buy to let lenders calculate rental cover differently, and some may require you to charge a higher or lower rent. Speak to your advisor for more information about rental cover rates.
Using the calculation for a buy to let mortgage application
If the mortgage repayments will be over the rent, you can charge you might consider attempting to save up a larger buy-to-let deposit.
The figures from the calculator can help start your search for a mortgage agreement in principle. Call us to get a full mortgage illustration, worked out from your deposit, rental income and personal circumstances.
